TSXV - TM
Frankfurt - TUY
Pink Sheets - TUMIF
VANCOUVER, Feb. 7 /CNW/ - Tumi Resources Limited (the "Company") (TSXV-TM; Pink Sheets - TUMIF;
Frankfurt - TUY). Mr. David Henstridge, President, announces that as part of a
consolidation of its Mexican mineral property portfolio, and in order
to focus on its main projects in Mexico and Sweden, the Company has
sold its interest in the Batamote Concessions ("Batamote"), located in
Sonora, Mexico, to Minera Genminmex, S.A. de C.V. ("Minera Genminmex"),
a wholly-owned subsidiary of High Desert Gold Corporation (TSXV:HDG).
Batamote has been under joint venture with Minera Genminmex since 2007.
Under the terms of the agreement, the Company has received US$330,000
cash and the Company retains a 2% NSR.
The Company also announces that it has sold an apartment in Lima, Peru,
for US$250,000 cash. The Company sold the apartment as it is no longer
active or seeking mineral property acquisitions in Peru.
On behalf of the Board,
David Henstridge, President & CEO
Forward Looking Statements This Company Press Release contains certain "forward-looking"
statements and information relating to the Company that are based on
the beliefs of the Company's management as well as assumptions made by
and information currently available to the Company's management. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships
with vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. Should any
one or more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange), nor
the Frankfurt Stock Exchange accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Tumi Resources Limited
For further information: